Financial Shortages Patterns - an Overview on Emerging Economies

Ioana-Veronica Alexa () and Gabriel Dajbog
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Ioana-Veronica Alexa: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2010, issue 2, 79-86

Abstract: The hereby paper tackles the onset and evolution of the global financial crisis, providing an overview of the partially foreseeable causes and extremely severe consequences. The aim of the paper is to analyze how the collapses of the US sub-prime mortgage market and the reversal of the housing boom in other industrialized economies led to a ripple effect on the world economy. In Europe, bankruptcy stroke and a number of major financial institutions collapsed, while others needed rescuing. The paper concludes that the global economy has proven to be extremely brittle and in need of coherent actions in order to insure recovery.

Keywords: economic crisis; financial stress (search for similar items in EconPapers)
JEL-codes: G01 G10 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2010:i:2:p:79-86

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